Parametric Hedged Equity ETF (NYSEARCA:PHEQ – Get Free Report) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 1,665 shares, a decrease of 81.9% from the June 15th total of 9,184 shares. Based on an average daily volume of 22,187 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.
Institutional Investors Weigh In On Parametric Hedged Equity ETF
Institutional investors have recently modified their holdings of the stock. Wayfinding Financial LLC increased its position in shares of Parametric Hedged Equity ETF by 0.6% during the fourth quarter. Wayfinding Financial LLC now owns 134,303 shares of the company’s stock valued at $4,374,000 after acquiring an additional 766 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in Parametric Hedged Equity ETF during the 4th quarter valued at $43,000. Finally, von Borstel & Associates Inc. purchased a new stake in Parametric Hedged Equity ETF during the 3rd quarter valued at $4,356,000.
Parametric Hedged Equity ETF Stock Performance
Shares of NYSEARCA PHEQ traded down $0.01 during mid-day trading on Monday, hitting $34.59. 13,691 shares of the stock traded hands, compared to its average volume of 21,843. The company has a market cap of $141.82 million, a price-to-earnings ratio of 25.95 and a beta of 0.50. The stock has a fifty day moving average price of $34.30 and a 200-day moving average price of $33.22. Parametric Hedged Equity ETF has a 52 week low of $29.54 and a 52 week high of $34.90.
Parametric Hedged Equity ETF Company Profile
The Parametric Hedged Equity ETF (PHEQ) is an exchange-traded fund that mostly invests in large cap equity. The fund invests in individual US large-cap stocks while utilizing a laddered options strategy to mitigate losses. The option strategy caps the potential upside participation. PHEQ was launched on Oct 16, 2023 and is issued by Parametric.
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